Govt to Receive Early Share of Mining Petroleum Revenue Through Proposed Amortization of Extraction at 20% Per Year
The Draft Income Tax Bill has proposed a tax amortization of expenditure and development at the rate of 20 percent per annum from the year of production. According to a [...]
Kenya's Support in Malaria Vaccine Trial Highlighted in Global Pharmaceutical Industry Report
The International Federation of Pharmaceutical Manufacturers Associations (IFPMA) has released a report entitled 50 Years of Global Health Progress which details the achievements in the global health sector over the last half a [...]Central Bank speaks on banks involved in the latest Sh 9 Billion NYS scandal
CBK Governor Patrick Njoroge has disapproved and criticized financial institutions linked in the loss of Ksh 9 billion in the latest National Youth Services graft scandal. He says the issue [...]CIO East Africa to host 2018 annual Fintech Summit
In Africa the buzzword, “Fintech for Africa by Africa” is gaining stardom as the African financial sector has been able to tap into consumer demands and needs by making the [...]
Press Release: KAM, Ministry of Environment NEMA Partner to Promote Sustainable Management of Waste PET Bottles
The Kenya Association of Manufacturers (KAM), the Ministry of Environment and Forestry, and the National Environment Management Authority (NEMA) have announced an agreement towards joint management of PET bottles in [...]Little Ride Set to Launch in Uganda Eventually Nigeria
Little Ride, a Safaricom-backed taxi-hailing app developed by Craft Silicon, is set to launch in Uganda this month. This is will be first services offered by Little Ride outside Kenya. [...]Coca-Cola Beverages Africa Launches Sh 7B Hotfill Line At Nairobi Plant
Coca-Cola Beverages Africa (CCBA) Kenya have announced the opening of a Ksh7 billion Hotfill Line at its Nairobi Bottling Plant in Embakasi in a bid to expand its product [...]Press Release: Court of Appeal Permits KRA to Execute EGMS to Eliminate Illicit Trade
The Kenya Revenue Authority (KRA) on Friday received “a Stay of the Judgement in the Nairobi High Court Petition No 532 of 2017: Okiya Omtatah Okoiti versus KRA, the Cabinet [...]RBA to give new guidelines for pension schemes governance
The Retirement Benefits Authority is working on new guidelines for pension schemes to enhance governance in bid to address emerging issues and safeguard workers retirement savings. The National Retirement Benefits [...]Press Release; Equity bank boosts access to formal financial services at the Kakuma refugee camp
Equity Bank efforts to enhance financial inclusion amongst the refugee population has been cited in a study conducted by IFC dubbed “Kakuma as a Marketplace” to drive economic empowerment by [...]Tanzanian businessman Ali Mfuruki Proposes to Acquire 50% Stake in Wananchi Group
Ali Mufuruki, a Tanzanian businessman, wants to acquire 50 percent stake in Wananchi Group Holdings. Currently, Mr Mufuruki holds one percent stake in the Zuku TV parent company and once [...]KRA to Co-Host First Tax Stamp Forum Held in Africa
The Kenya Revenue Authority (KRA) and Reconnaissance are co-hosting the Tax Stamp Forum this year which will be held in Africa for the first time. The event will be held [...]
